30 questions
Your __________ are your talents or skills you learned.
Match the following:
anything a person or individual owns | ATM | ||
a plan for using time, money, or resources | Bank | ||
anything a person or individual owns | Budget | ||
a business that stores money | Asset | ||
anything a person or individual owns | Advertisement |
In a ​ (a) the prices are (b) , but in a ​ (c) , the prices are ​ (d) .
Abundant Resources are those in _________ supply.
short
large
ugly
limited
someone who checks the accounts of a business | Account | ||
the location where you money is stored | Cash | ||
coin, currency, or a check | Benefit | ||
an organization that sells good/services | Auditor | ||
an organization that sells good/services | Business |
If you're trying to inform consumers about a good or product by making it sound good, you are trying to ___________ it.
A synonym for alternatives is....
belongings
materials
choices
businesses
Appreciation is when an asset's value ​ (a) , and depreciation is a when the value ​ (b) .
Draw an assembly line....
to use money that isn't yours | Barter | ||
effort people make they are usually paid for | Borrow | ||
money paid for use of a house or some property | Choice | ||
to use money that isn't yours | Labor | ||
money paid for use of a house or some property | Rent |
A bookkeeper records the money ​received and ________ by an organization or business
organized
spent
stored
hidden
Which of the following is NOT a definition of CAPITAL
a factor of production
a man-made resource used to produce goods or services
a good used to turn into another good
the feeling of enjoyment that comes from doing a good job
Which of these would NOT be a capital good?
tools
machines
buildings
television advertisements
Employees are ​ (a) that are paid to ​ (b) by someone else.
Match the following:
A cost for getting a loan | Fees | ||
A cost for getting a loan | Finance Charge | ||
payments for professional services | Ethics |
Which one of these is NOT a durable good?
couches
stoves
cars
napkins
I wrote a _____________ at the bank to put money in my account.
check
deposit ticket
money order
credit card
I had to ___________ my check by signing my name to the back.
authenticate
register
endorse
deposit
My grandma took me to Target to ​ ​ (a) the gift I didn't like for something I really wanted.
a plastic square issued that allows one to borrow money | Commission | ||
a plastic square issued that allows one to borrow money | Clerk | ||
a plastic square issued that allows one to borrow money | Coin | ||
a worker who performs office duties | Check | ||
a plastic square issued that allows one to borrow money | Credit Card |
Circular flow is a model of an economy showing the interactions between ​ (a) and ​ (b) as they exchange ​ (c) in ​ (d) .
______________ is a rivalry between producers of the same goods/services.
Customer service
Convenience
Conservation
Competition
You ___________ when you examine for similarities and differences.
Capital ​ (a) are ​ (b) made by people and used to produce ​ (c) and​ (d) .
In _______________, people privately own property and resources.
consumerism
Great Britain
economics
capitalism
Which is NOT a characteristic of Capitalism?
profit incentives
competition
the government owns everything
free markets
The ​ (a) is the ​ (b) one pays for a good or service IF paying with ​ (c) .
payments made to those in the labor force | Check Card | ||
a card used to borrow money from a business | Credit Card | ||
a card used to borrow money from a business | Check Register | ||
desires felt by consumers | Wages | ||
payments made to those in the labor force | Wants |
A _____________ is a way of collecting information to be considered.
In a ​ (a) account, you write a ​ (b) that is treated like currency at businesses. In a ​ (c) ​ account, you ​ (d) money and it builds ​ (e) .